RE: Telegram raises an insane $850M in its ICO presale

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Telegram raises an insane $850M in its ICO presale

in cryptocurrency •  7 years ago 

Only 44% of supply will be sold to investors. Institutionalized Pre-salers are getting a huge discount before the public is. Its likely to get dumped after it starts trading on exchanges. They are talking about a $2 Billion ICO with no working blockchain. They are making a huge amount of promises like 'fun fiction'.

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Is the $2 billion ICO an extrapolation, i.e. they actually plan to sell 48% of supply, so they actually plan to raise 0.48 * $2 billion = $960 million?

The total amount raised keeps going higher in the pre-sale. In total with public sale up to $2 billion!

Btw, took a look at your blog. Love your stuff, gave a follow :)

Thanks. Great article. Did you post on ETH Trader?

Yup

Good. Community needs to know how shady of an ICO this is. You're currently #1 post on Ethtrader.

Oh yeah, $850 million ICO is catching everyone's attention :o